I discovered that I had a passion for photography, so I went to events, and I hustled hard. “I had no money in my bank account, but I had a family and a daughter to support, so it was an extremely difficult time, and I didn’t know what to do. However, as the old adage goes, ‘when the going gets tough, the tough get going’ – and Saieed showed he could be resourceful in the face of extreme adversity. His financial misfortune was not an isolated or uncommon incident at the time, because his business crashed around the same time of the global economic crash of 2008, the bubble had burst for Saieed and many of his contemporaries. I didn’t understand the culture, I didn’t know that many people, and it was no surprise really that the business wasn’t a success,” said Saieed. I established a company in Dubai, but I lost everything and was brought back to reality with a major bump. I decided to move to Dubai in 2005, because it was booming and it really was the place to be. “It had become very evident that by that stage in my career I had developed what they say in America as ‘entrepreneurial spirit’ – and I started purchasing domain names at the time, which was very profitable at the time. However, despite the incredible success he enjoyed initially, he was about to be brought back down to earth with a bang. It was during that particular success that Saieed came to the conclusion that in addition to his passion for technology, he also had got the bug for free market capitalism and wanted to make money, and make it fast. I had made my first million before I was 21, so I wasn’t actually eligible to open a bank account, so I decided to start investing the money into different areas, mostly property,” said Saieed. I wanted to buy a portion of traffic in order to distribute it effectively across 3 states within Egypt, and incredibly within a couple of months I had made my first million. I told them that I wanted to purchase a portion of the traffic on internet because quite frankly they didn’t know how to use it effectively. “I organised a meeting with the Head of Telecommunications in Egypt back in 1999. I was obsessed with technology,” said Saieed.įast-forward to 1999, and the ambitious Saieed had reached the stage where he wanted to convert his passion into a career, confident in his ability to capitalise on the burgeoning opportunities that were emerging at the time of the. I developed a reputation within my family and in my community for being the ‘tech guy’ – and people regularly consulted me prior to purchasing a computer. I got my first computer when I was 7 years-old in 1989, and from that point on I was hooked. “My interest in technology came at a very young age, primarily because my father recognised that computers represented the future. This story begins in Egypt in the 1980s, and from a young age, Saieed had a passion from technology, one that was inspired by his father, who recognised that computers represented the dawn of a new industrial revolution. However, to get a better understanding of Mohamed Saieed, you need to go back to the start. Today, he is the CEO of Potensia Systems, a system integrator, that designs and deploys industry-specific technologies to streamline business operations through a portfolio of solutions, managed services and consultancy. What has remained an ever-present component in his make-up has been a passion for entrepreneurship.ĭespite some significant setbacks during his storied career, Saieed has always bounced back, and has shown remarkable fortitude and resilience to be in the position he is today. Mohamed Saieed has enjoyed a remarkable life thus far, a rollercoaster of a journey that has taken several sharp twists and turns. CNME Editor Mark Forker spoke to Mohamed Saieed, CEO of Potensia Systems, to hear how the Egyptian technologist and entrepreneur showed resilience and courage in the face of adversity to build an exciting new company that is transforming traditional functions by harnessing the power of AI.
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